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Feb 28, 2013
02/13
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and they want the protection of the bonds and i think investors are covering everything right now the u.s. is still the safe haven. >> covering the basis doesn't give the investors a lost confidence in terms of what we are seeing but here's another way to think about it. the last time we saw this level, bond yields were almost 5%. now we're below two. history is saying that something has to give. which do you think will break first? stocks or bonds? >> i think stocks are going to break first in the near term because of the 14% rally since mid-november. can they rally together in the short term? they can. stocks have been rallying because the fed has been buying bonds and in a more global level, when you talk about the wash and liquidity, so many things have become toxic. at some point in time, global money has to find something and bonds and perception of safety stock. i think the rally since november worries me a little bit. >> we could see the stocks break first. obviously all eyes on the markets right now. now you know how our guys are making money but the question is, how about you? a
and they want the protection of the bonds and i think investors are covering everything right now the u.s. is still the safe haven. >> covering the basis doesn't give the investors a lost confidence in terms of what we are seeing but here's another way to think about it. the last time we saw this level, bond yields were almost 5%. now we're below two. history is saying that something has to give. which do you think will break first? stocks or bonds? >> i think stocks are going to...
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Feb 21, 2013
02/13
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be in u.s. . stocks provide a yield of less than 2%, which historically is towards the low end of the long-term historical range. sure it's a lot better than it was 12 years ago but it's pretty anemic. secondly, profits are a larger share of gdp than they've been any time historically since 1929 and wages are the lowest share of gdp since 1937. so put those together and rising earnings from these levels would be a formula for occupy wall street to suddenly become a mainstream movement. >> what's the trade right now? you brought some heat, right, with your thoughts to get out of u.s. stocks, then shine some light on people. to be?o they need >> sure, sure. there's always something invest in. to faced what i call a 3d deficits down? ef mer emerging markets debt has better debt coverage ratios and yet they pay a much higher yield. yield 70 basis points more than u.s. stocks. in an efficient market that would mean their growth rate must be 70 basis points slower. well, i don't think that's going to ha
be in u.s. . stocks provide a yield of less than 2%, which historically is towards the low end of the long-term historical range. sure it's a lot better than it was 12 years ago but it's pretty anemic. secondly, profits are a larger share of gdp than they've been any time historically since 1929 and wages are the lowest share of gdp since 1937. so put those together and rising earnings from these levels would be a formula for occupy wall street to suddenly become a mainstream movement. >>...
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Feb 4, 2013
02/13
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the u.s. this is not just a uk issue. it seems around the world, there is no appetite. but practically speaking, what will be the impact of this? >> i think of two elements. retailers have pretty much moved to very high margines and this product. those products are not necessarily totally restricted, but it's nothing like what is available in the early part of the season. you've got high margins, retail banking creating a lot of cash flow, but it's a very, very low growth business. you can't grow the business so far, your return will be 7%, 8%, 9% yield as an investor. the trick side is, how do you get from where you are to where you should be or where you're being told to be? i think in rbs's case, there's a better chance of getting there quicker. >> we'll leave it there. spanish prime minister march anna rajoy is meeting with angela merkel today in berlin. this ahead of parliament talks. this comes amid a corruption scandal at home that has called widespread calls for his resignation. he cam
the u.s. this is not just a uk issue. it seems around the world, there is no appetite. but practically speaking, what will be the impact of this? >> i think of two elements. retailers have pretty much moved to very high margines and this product. those products are not necessarily totally restricted, but it's nothing like what is available in the early part of the season. you've got high margins, retail banking creating a lot of cash flow, but it's a very, very low growth business. you...
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Feb 22, 2013
02/13
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the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be speaking at a forum in new york. you don't have to wait until then to get inside scoop on the central bank. james bullard will be our special ges guest, with us starting at 7:00 a.m. eastern time, and this is huge given all the news from the fed this week and all the questions the market has been asking. the two-days of declines we've seen in the markets has pretty much all been blamed on the markets that we got a couple of days ago. we will talk to jim about everything that was happening inside the room an
the u.s. equity foourchs, well, after a couple of days of declines, dow futures are up significantly this morning. that's a gain of 50 points above fair value. the s&p 500 is opening up by about 6 points and this comes after two days of declines and a lot of questions about whether this rally has tapped out, at least for the moment. among the key market drivers this week, the fed and the conversation continues today. boston fed president eric rosengren and fed governor jerome powell will be...
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Feb 28, 2013
02/13
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the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick move here-to-date. the s&p coming in today was up 6.5% in two months. that's a great annualized return so the markets ebb and flow, but the fact is the market is going to go the direction of the economy, and the economy is stabilizing and will start to accelerate. >> i don't know that it's stabilizing. you make a lot of good points because we do see the spots of weakness and anemic growth in a lot of areas except for housing which continues to show strength which darryl correctly points out. let me get your talk on interest rates. when would you expect rates to start movi
the biggest thing name packets discretionary spending in the u.s. is the price of the consumer's home. once again inventories are at literally seven or eight-year lows. prices across the nation in terms of home prices are up double digits. this is what's going to drive discretionary consumer spending. >> is this not to say we couldn't have some sort of a correction at some point? are you willing to absorb a 10% decline here and hang in there still? >> to be fair, had a pretty quick...
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Feb 19, 2013
02/13
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that's a large percentage of the u.s. housing potential, very critical for us, especially with our timberlands in the pacific northwest. and then, you know, rolling into the first of the year we always talk about housing sales in january being slow until after the super bowl, but before the super bowl our sales were up we reported about 125% year over year in the first of the year. >> can you comment at all on what your material cost, the what the cost of lumber is and how quickly it accelerated? it seemed to be one of the head winds cited in today's survey. >> lumber has moved up quickly. all materials costs have some element of inflation pressure, you know. our concern in the market today is cost pressure, not just from lumber but other building materials. but most importantly, land costs. so, you know, there was a lot of excess supply of land and vacant lots, especially developed lots during the recession. that supply is dwindling very quickly and so there's tightness in the land market and that puts upward pressure on
that's a large percentage of the u.s. housing potential, very critical for us, especially with our timberlands in the pacific northwest. and then, you know, rolling into the first of the year we always talk about housing sales in january being slow until after the super bowl, but before the super bowl our sales were up we reported about 125% year over year in the first of the year. >> can you comment at all on what your material cost, the what the cost of lumber is and how quickly it...
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Feb 14, 2013
02/13
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but then you've got to buy the u.s. equity market very aggressively. i like the technology sector the most. highly leveraged through the accelerating recovery. it's cheap, it's lagged the s&p by almost 70% by january 1. and i've got to say to my wife and three beautiful daughters, be my valentine. >> aww! come on. that's great. thank you so much for that, gary. >> lathe, how are you going to beat that? 30 seconds on the clock. what do you want to prepare for tomorrow? >> hi, maria. tomorrow we're watching the consumer sentiment number and expecting a slight increase. also watching the industrial production number, specifically capacity utilization, as consensus is expecting an increase to 78.9% and the bond market declining as the stock market has gone higher this year, which looks inflationary. but strangely some of the old standby inflationary hedges such as gold seem to be sitting out. keep an eye on them and whether their current support levels will continue to hold. >> all right. we'll watch those support levels. thank you so much, everybody. appr
but then you've got to buy the u.s. equity market very aggressively. i like the technology sector the most. highly leveraged through the accelerating recovery. it's cheap, it's lagged the s&p by almost 70% by january 1. and i've got to say to my wife and three beautiful daughters, be my valentine. >> aww! come on. that's great. thank you so much for that, gary. >> lathe, how are you going to beat that? 30 seconds on the clock. what do you want to prepare for tomorrow? >>...
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Feb 27, 2013
02/13
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you know, the u.s. treasury is still a safe haven, even though debt is out of hand. rates are still going to be between a percent and a half and 2%, but in terms of growth, it is -- it is the large-cap u.s. stock market. there's no question about that. >> that's what you would sell? >> no, that's where i would go in terms of do i want growth? i would go there but i'd be very cautious. what i would sell is i'd be look at more of my risky assets. i look at mortgage-backed assets and high-yield assets, potentially looking overseas. >> but if we get a bull market, high yield is up today. look at all the high yield etf funds. they are all up today. i want to go back to the question. what would get us a sustained bull market and you laughed at me when i mentioned clarification from washington, but i think the important thing is if we get some kind of deal on deficit reduction, that's going to be a major point. >> a great point. >> thank you gentlemen. appreciate your time. >> right back with the closing countdown. >> yeah, we are. just six minutes away from the bell and bl
you know, the u.s. treasury is still a safe haven, even though debt is out of hand. rates are still going to be between a percent and a half and 2%, but in terms of growth, it is -- it is the large-cap u.s. stock market. there's no question about that. >> that's what you would sell? >> no, that's where i would go in terms of do i want growth? i would go there but i'd be very cautious. what i would sell is i'd be look at more of my risky assets. i look at mortgage-backed assets and...
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Feb 8, 2013
02/13
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over in asia, though, the u.s. getting a little bit of a pick-up. >> and there was some commentary asia might pick up even as the u.s. market picks up. underneath the hood, didn't look so bad. probably worth a trade on the long side. i don't think it makes new highs by any means. but worth a fast money trade. >> any buys on the desk on mcdonald's here? >> i happen to like it. but i think you can hold off and see if you can get it more like 90 rather than 95. but when you get this stock in particular, getting bad news as they got clearly with this 1.9 drop and it doesn't go down, it tells you a lot about -- >> this is the third quarter in a row -- >> tells you a lot about the weak hands washed out already. >> the buyers come in on bad news. they come in on good news. they want to own this name. they want the dividend. they want the stability. they like the global exposure. it's really hard for the stock to go down. >> if you're considering buying gold, you may want to think twice. cnbc's kate kelly joins us with a w
over in asia, though, the u.s. getting a little bit of a pick-up. >> and there was some commentary asia might pick up even as the u.s. market picks up. underneath the hood, didn't look so bad. probably worth a trade on the long side. i don't think it makes new highs by any means. but worth a fast money trade. >> any buys on the desk on mcdonald's here? >> i happen to like it. but i think you can hold off and see if you can get it more like 90 rather than 95. but when you get...
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Feb 15, 2013
02/13
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whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is going to be at what point do those concerns override the good feelings on equities and when do you get off of that ride? >> how do you know to get off? we talked michael about how to buy stocks wisely but what about selling stocks wisely? what is the indicators to you that now might be the time to take profit? >> i think the biggest indicator is a a reduction in the rate of growth of corporate earnings or complete fall-out. that would be substantial because that does provide support for dividend yields and also does pro
whether it is anemic u.s. growth and whether worldwide growth concerns, whether it is the tax hikes that kicked into effect this year and next due to obama care and recent fiscal cliff issue or budget issues coming up. those are substantial head wind and stocks perform largely in spice of those. i think investors are looking for return. stocks provided that, corporate earnings provided a foundation for stocks and so, those have basically offset concerns at this point in time. the major issue is...
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Feb 6, 2013
02/13
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the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the threat of global warming, and provide unlimited power. >> for example, the laptop would come pre-charged with all of the energy that you would ever intend to use. >> automobiles? >> same. [ticking] >> they've constructed one of the largest, most sophisticated machines ever built to try and replicate what the universe was like just a few nanoseconds after it was created. >> why do you want to do that? >> why wouldn't you want to know that? >> well, you'd want to know it, but, you know, spending $8 billion to find o
the u.s. postal service®, no business too small. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. [ticking] >> if michael mckubre is right about his experiment, it could change everything. it could end our dependence on oil, end the...
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Feb 25, 2013
02/13
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>> i mean the issues in italy obviously are affecting the u.s. markets and it means that we could see volatility over the short to medium term. if for example there is a deadlock and they are unable to actually form a government, then we could see elections delayed until further down the line which means, again, this whole issue could resurface and volatility could continue. but again, it provides attractive entry points along the way for investors that have a longer term time horizon to drip money back in. but it is a concern. it is a concern because as we mentioned, there's potential political deadlock, potentially a shaky coalition, or even if the market gets what it wants, which there is still concern over the commitment to reforms and how they'll be implemented. again we could see volatility. but obviously as a lot of the audience are very much focused on trading, these provide very interesting trading opportunities. >> thanks so much, as always. >> thank you. >>> josh brown, quickly. you sort of are rolling your eyes as we're worried about
>> i mean the issues in italy obviously are affecting the u.s. markets and it means that we could see volatility over the short to medium term. if for example there is a deadlock and they are unable to actually form a government, then we could see elections delayed until further down the line which means, again, this whole issue could resurface and volatility could continue. but again, it provides attractive entry points along the way for investors that have a longer term time horizon to...
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126
Feb 26, 2013
02/13
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the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these annual figures will be released by the energy department later this week. that report in the ft today. take a look how crude is trading, down $0.67 at 92.44. forget all the recent hoopla about a comeback for u.s. automakers, forget some of it at least. less than an hour ago consumer reports released its annual list of where it ranks top models and brands. lo and behold this year there are no american cars in the top ten on quality rankings. phil lebeau in chicago with the sobering news for the big three. phil. >> this is a case where reliability is slipping
the u.s. may be producing more oil today than ever before. u.s. oil imports from the middle east continue to rise in 2012. this according to a financial times report out this morning. through the end of november, the u.s. imported more than 450 million barrels of crude from saudi arabia for the year. that accounted for more than 15% of total u.s. oil imports for the first time in a decade. the persian gulf as a whole made up more than 25% of total imports. that was a nine-year high. now, these...
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Feb 7, 2013
02/13
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by the way, this is not just a u.s. story. very important. 70% of their new member growth in the last quarter came from overseas. >> josh, it's expensive. it buying stocks and trading. >> this is the internet sector. can't talk about value in this sector. >> let's join on linked in and carry on the conversation. >> no, no. >> all right. the gavel comes down. doc, who made the more compelling argument? >> i'll tell you what the options players are saying right now. i think that was a decent argument, you guys. >> that sounds like a cop-out. >> it's a huge cop-out, but they're selling the 130s, 135s, and 140 calls. nobody thinks it's going up more than $7 from the 123 it's already at. >> let's get to kate kelly who has news on s.e.c. >> there's been a lot of speculation going into the redemption deadline for sac capital as to whether they're going to lose capital from the ongoing legal issues they're facing. but from my understanding, there's no way they're going to lose more than $1 billion and considerably less. one is their g
by the way, this is not just a u.s. story. very important. 70% of their new member growth in the last quarter came from overseas. >> josh, it's expensive. it buying stocks and trading. >> this is the internet sector. can't talk about value in this sector. >> let's join on linked in and carry on the conversation. >> no, no. >> all right. the gavel comes down. doc, who made the more compelling argument? >> i'll tell you what the options players are saying right...
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Feb 25, 2013
02/13
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in the u.s. concern about the spending cuts due on march 1st. add it up, lots of worry. the vix also called the fear gauge surging some 34% in today's session. >> thank you. >>> meanwhile, another concern for the economy and the stock market is computer hacking. our entire financial system love lives in a digital world. let's go live to the rsa security conference in san francisco where eamon javers is standing by. rsa is one of the top cyber security firms in the world, right? >> that's right, sue. they've got hundreds of experts here. this place is crawling with cyber security experts. what's stunning to me is the gap between what you hear from cyber security experts and the folks in washington and what you hear from the companies themselves. we spent time looking through filings to find out how often companies are disclosing cyber attacks that they really experienced. we could only find a couple of handfuls of examples of companies revealing that. you've got cyber security experts saying this is a huge problem. and on the other hand companies not saying that much abou
in the u.s. concern about the spending cuts due on march 1st. add it up, lots of worry. the vix also called the fear gauge surging some 34% in today's session. >> thank you. >>> meanwhile, another concern for the economy and the stock market is computer hacking. our entire financial system love lives in a digital world. let's go live to the rsa security conference in san francisco where eamon javers is standing by. rsa is one of the top cyber security firms in the world, right?...
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Feb 21, 2013
02/13
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sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the product they are selling, groupon goods, tend to lower margin. the one risk is we think this is positive for revenue but that drives the stock higher. one of the concerns we have is goods number means for the overall gross margin. >> groupon has been a push company. they fill your in box with stuff. fewer people are checking them out. it's trying to become a pull company, a mobile company. is it doing it well, gene, and is groupon the same company it was 12 months ago? >> it's a different company than it was 12 months ago, and i think that w
sluggish and up 60% in the u.s. we believe the international piece will show improvements that will allow them to guide slightly higher than where the street's at for the march quarter. so we've done some fundamental work in two of their countries. uk being the biggest one and we think we will see this turn point. if that happens, stock will likely fwo go higher despite the fact it doubled. >> what can go wrong. >> if we are right about the lift or improvement international, the...
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526
Feb 26, 2013
02/13
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. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are chasing yields so it's having -- still a dividend over the woman of years. i wand to talk about acquisitions. >> this value game is focused on taking the money back. how about expanding the money share. how about sitting with china mobile. can't make a deal because they are worried about subsidies. they are getting hurt over there becauses prooit prices are too high. how about an iphone mini or iphone 5s. samsung has a new device coming out and will kill them off europe in europe. >> mostly invested in apple because for ten years i've owned all their products and it worries me when the value guys are circling. will the c
. >> might be more than the u.s. government has their thands on. >> aal has been an amazing story. i don't know if that changes your mentality as a corporate interity their can never have too much cash. maybe that's one thing. >> that's a good point and the pressure to do something with it, to return it to shareholders. >> that's really important. from our shareholder base we really believe in returning cash and i think shareholders really appreciate that. they are...
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Feb 25, 2013
02/13
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it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had hoped. they expected at this point we would have conclusive results out of the i tal yn election. we do not have conclusive results at this point and it is possible that italians may have to vote again for a new prime minister if we don't get an answer in this round. here's what the markets thought would happen. they thought a guy named louigi berosoni, who most americans haven't heard of, would win. and that silvio burr burr le /*y scony would come in 1ekd. he may not have any seats in the government. the mario monti part is crucial because he was sup
it sort of trickled over into the u.s. markets. as we countdown to march 1st deadline day for massive spending cuts out of washington. the dow was less than a hundred point from an all-time high but these two issues have now set the bulls back in the u.s. in the past two hours. the industrials now down about 12 point. josh h john harwood is in washington for us. we start with michelle caruso-cabrera in rome. >> tyler, the italian election is not turning out as market participants had...
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Feb 22, 2013
02/13
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how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake on this bounce, it would appear, dow down. s&p, 1513. also higher on oil but we've lost a lot this week. gold, as you can see, 1572. still way below the $1600 level. that market bouncing back clearly, sign number one, for investors heading into the weekend. sign number two comes from europe. european commission very negative on the country's economic prospects for the year. they say you will barely grow for the whole of the 27 nation eu. they will contract again in 2013. sign number three provided by the federal reserve bank of st. louis, jame
how big a risk is it for the u.s. in 2013? there are some drug resistant strains making their way around the world in this very infectious disease. it is happening now. make sure you are safe. that's all in the next 59 minutes. simon hobbs is my partner today. he is in for sue. >> let's focus on the economic signs today. the drop took us from record highs, let's not forget. was it the correction that so many people have warned us about? right now, you can see, we are just about to retake...
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Feb 7, 2013
02/13
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the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep my costs down. what's your plan? ishares. low cost and tax efficient. find out why nine out of ten large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> down 94. were in triple digits earlier. it is february. what does this expect? it is snow and two storms are heading towards the northeast. they may merge and become a doozy beginning fr
the u.s. postal service®, no business too small. a talking car. but i'll tell you what impresses me. a talking train. this ge locomotive can tell you exactly where it is, what it's carrying, while using less fuel. delivering whatever the world needs, when it needs it. ♪ after all, what's the point of talking if you don't have something important to say? ♪ but that doesn't mean ive don't want to make money.stor. i love making money. i try to be smart with my investments. i also try to keep...
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Feb 6, 2013
02/13
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eye 111
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in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the grocery store in five weeks. so i think i have a jar of mustard and a stick of butter in my refrigerator right now. >> feel like you're part of something historic? >> absolutely, yeah. >> it's like opening a whole new window that you never saw before. and you open the window, and you get a whole new vista of things that might happen that you didn't have access to before. so from a scientist's point of view, it's the biggest thing to happen in particle physics in, say, 20 or 30 years. >> yeah. >> what's the average person gonna get out of this? >> what the--the best thing is, we don't know. >> some scientists believe the experiment could lead to the discovery of other dimensions beyond length and width and depth. they've long suspected that they exist, but lack the knowledge to detect them. they also hope to le
in a recent report, they said that 52% of all particle physicists, of all u.s. particle physicists are here working on things. there's a lot. >> you feel any pressure? >> absolutely. >> really? how hard have you been working? >> well, i haven't been to the grocery store in five weeks. so i think i have a jar of mustard and a stick of butter in my refrigerator right now. >> feel like you're part of something historic? >> absolutely, yeah. >> it's like...
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Feb 13, 2013
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are sensitive to that reversal because you're seeing equity markets pull back, it's going to lift the u.s. stock so you have to watch the euro currency here. the one place i would not leave is the financial, i'd stay with those. >> virtual dr. j. i feel like you're sitting with me. >> right here next to these guys. >> what are you doing today? >> well, joe talked about financials just now and i agree, it's been a very narrow range in the financials so far but they are still in positive territory. so unless we give up leadership there, michelle, then i think we're okay. to the tlt side it was interesting i thought to see it slide down beneath 1.16, the barclays etf that tracks that and slid below at 1.16, and this index has been under pressure as money comes out of the bonds i think it will continue to come out of them and i think those go lower still. >> josh you were saying we were right for a pullback. why? what is the story? >> something called the revelive strength index when you look at it for the whole globe, every market around the world, right now reading 64. ubs had a note this m
are sensitive to that reversal because you're seeing equity markets pull back, it's going to lift the u.s. stock so you have to watch the euro currency here. the one place i would not leave is the financial, i'd stay with those. >> virtual dr. j. i feel like you're sitting with me. >> right here next to these guys. >> what are you doing today? >> well, joe talked about financials just now and i agree, it's been a very narrow range in the financials so far but they are...
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Feb 8, 2013
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>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and kelly, let me give you the whole story. the lawsuit was filed by three former ubs clients in the u.s. they evaded taxes with the help of ubs. then they paid back their taxes plus a 20% fine when they took part in an irs amnesty a couple years ago. then they tried to recover some of those damages claiming that ubs failed to tell them that they actually needed to disclose those ubs accounts. by failing to do that, obviously, they committed tax evasion. but, again, the appeals court has thrown out that lawsuit and saying the p
>>> a u.s. appeal escort has rejected a lawsuit against the swiss bank and called for a reimbursement of damages for ubs services that led the clients to evade u.s. taxes. carolin is in zurich in the warm today, carolin. what do we make of this? >> yes. well, if you think that this is a very twisted, unheard of story, i think you're probably not alone because the u.s. judge in this case called ate big travesty. he said it's odd for tax -- to seek recovery of damages. ross and...
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Feb 22, 2013
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u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the last couple of days today. it's adding 0.3%. 1.3233. we saw it jump up nearly 0.4% after that ifo data. the dollar/yen, the yen is weakening again today within adding about 0.4%. so we'll see what impact that has had on trade across asia. let's get straight to li sixuan for more. hi, sixuan. >> thank you, kelly. asian markets wrapped up the wobbly week on a mixed noed note. the shanghai composite lost 0.5% today and slumped nearly 5% on the first trading week on the year of snake. investors cautious
u.s. markets when they open in just a few hours time. as for the bond rates, it's been surprisingly quiet were as well. same happening with spain to 5.15%. so some movement out of gilt. that yield up to 2.12. it's moving out of bunds, as well, although we're still below 176%. no major change from trade levels that we've seen for the last couple of weeks. finally, forex, let's take a look at the euro. this has been important setting the tone for the trading session here and again in the u.s. the...
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Feb 12, 2013
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not in the u.s. >> don't you love what the japanese are doing? depreciating, saving the world from deflation? >> debasing the currency? >> it's the right thing to do. >> i'm not in favor of debasing the currency. you're a money shufflers. >> i am a money shufflers. or used to be. i think they're saving the world economy by doing this. >> well, i own shares and they're making them go through the roof. i guess in that sense i have to say thank you. but debasing money and printing money is not a good thing. you sound like dr. bernanke. all you guys that went to princeton sound the same. >> i hate to do that, but he's right about japan. bob, welcome back. a lot of business people. big front page story today. a lot of business people not optimistic about the market as some investors are. this article suggests that -- earnings won't either. your take? >> i think it's a mixed bag in a muddle through kind of economy. and we're now looking at businesses who have tons of cash, arguably half of corporate america's balance sheets has never been stronger. and
not in the u.s. >> don't you love what the japanese are doing? depreciating, saving the world from deflation? >> debasing the currency? >> it's the right thing to do. >> i'm not in favor of debasing the currency. you're a money shufflers. >> i am a money shufflers. or used to be. i think they're saving the world economy by doing this. >> well, i own shares and they're making them go through the roof. i guess in that sense i have to say thank you. but debasing...
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Feb 19, 2013
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you couple that with the pain at the pump, and not a pretty picture for the u.s. consumer at this point. >> i'm not going to go the consumer route. we've been talking about the refiner trades. look at psx. in the 40s, we said it is probably going to trade its name sake, 66, and here we are north of 65. they don't seem to want to stop right now. >> i think, last time oil was at $100, i thought we hit $4 a gallon already, i can't understand, one of you guys knows the answer, why is it that gas, maybe the premise is wrong, but why is it that gas seems cheaper now with $100 oil? >> less taxes -- there's a spread, capacity inputs. not as simple as -- >> if you had the same inf infrastructure -- >> not all runs, you know, at capacity, at the same time. >> there's been a lot of shutdowns and the refining capacity is exactly what the difference is. the trade that i just want to point out that you should never be making here is the ung. if you look at the year of year basis, nat gas is up, ung is down. these things are supposed to be tethered. be really careful. names like
you couple that with the pain at the pump, and not a pretty picture for the u.s. consumer at this point. >> i'm not going to go the consumer route. we've been talking about the refiner trades. look at psx. in the 40s, we said it is probably going to trade its name sake, 66, and here we are north of 65. they don't seem to want to stop right now. >> i think, last time oil was at $100, i thought we hit $4 a gallon already, i can't understand, one of you guys knows the answer, why is it...
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Feb 21, 2013
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Feb 28, 2013
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-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5 million. so about a quarter of people who are unemployed get the benefit. so this is not a country where you can sit on the couch -- >> the reason that we're worried -- connect the dots in italy why we're now worried. the labor reforms that were going to happen based on having a stable government are not going to happen now and you're going to be stuck with no growth for 20 years. we don't want a labor situation -- >> italy had no growth for 15 years and everyone thought berlusconi was -- >> we don't want any of that. because, you can never -- you c
-- >> in the u.s. it's very unpleasant to be unemployed. so you know, make no mistake it is not a thing like germany where you can go many, many, many years with 100% full income replacement. these things expire after 75 weeks. they were shortened as of january 1st. and of the 12.5 million people unemployed do you know how many people actually receive unemployment insurance benefits? >> how many? >> 3? 3.5. so this is not a country -- >> 3.5 million. >> 3.5...
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Feb 6, 2013
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the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office could be eliminating or cutting back deliveries on saturday. we'll explain. they carry the official announcement at 10:00 a.m. this morning. >>> we start with disney. shares rising pre-market, set to open at all-time highs at fiscal fourth quarter profits beat the markets. growing attendance at the theme parks. real news came during bob iger's interview with our own julia boorstin. >> in fact, we are working on a few stand-alone films. larry kazden and simon ginberg are working on films derived on "star wars" characters that are not part of
the u.s. dollar. in asia, china up eighth straight session. nikkei highest level since september of 2008. disney set to open at record highs. strength in media networks. word that it's planning films based on "star wars" characters. >>> zynga, revenues continue to fall and the social gaming company said 2013 would be profitable. >>> company seeing momentum in america's improvement in europe and big margin gains for 2013 for ralph lauren. >>> the post office...
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Feb 26, 2013
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and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks. we saw yesterday and you know he's not becky. you did say here with becky. he was sitting right there. he looks nothing like her. >> every morning when you say the same thing -- >> i know. andrew and cliff. but before we get to home depot and is home depot is out and we're going to do this as quickly as possible. but there will be political maneuvering on what happened yesterday in the markets based on the sequester the.and because people don't watch it as closely as us, they're going to see the sequester is n
and u.s. equity futures at this hour, we have green arrows and things might turn themselves around today. fed chairman ben bernanke is going to be heading to capitol hill this morning for day one of his hemp free hawkins testimony. he's expected to defend the central bank's bond buying and likely one that automatic spending cuts pose risk. cnbc is going to have complete coverage all day. and our guest host this hour is ready to tackle all of these issues. >> this yesterday was -- thanks....
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Feb 4, 2013
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u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes were headed for lebanon. you can see right now, crude oil prices down by about 11%. 96.85. and, steve, i'll send it over to you. >> we'll talk to boeing about compensation for the grounding of the dreamliner. it estimates it will cost nearly $8el million through tend of march. barclay's finance director chris lucas and the bank's top legal expert are set to retire. the departures add to change at the top as the financial giant struggles to put disasters behind it. resimple in moment will officially beco
u.s. equity futures this morning, you can see, are lighter, down by about 33 points for those dow futures. s&p futures are off by about 4 1/2. but, again, the dow above 14,000 for the first time since october 2007 on friday. oil analysts are saying that trading could be choppy in the energy markets today amid growing tensions in the middle east. yesterday, israel hinted that its air force may have been behind the air strike. on a missile site in syria in order tody stroi weapons it believes...
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Feb 20, 2013
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the u.s. session. over here, the action's started. the sterling/dollar behind me, down .8%. we did fall below the 154 level. guys, we've been flirting with 153, below 153 in the last couple of minutes, as well. the first time we've been at these levels since last july. more significantly it comes as the bank of england saw governor king who's leaving outvoted with others on wanting to increase the size of the quantitative easing program. don't expect that they're sort of shedding any tears over the strong market reaction today when those minutes pass. the bank of england saying the weaker sterling is good for growth. a lot of britains tonight agree as they look at a continuing rob of their discretionary purchasing power. that story is something not just britain is dealing with for the time being. what it is doing, if we can flip over to the market reaction for stocks, is helping bolster the ftse. so after hitting the five-year highs, now punching above the 6,400 level for the first time since
the u.s. session. over here, the action's started. the sterling/dollar behind me, down .8%. we did fall below the 154 level. guys, we've been flirting with 153, below 153 in the last couple of minutes, as well. the first time we've been at these levels since last july. more significantly it comes as the bank of england saw governor king who's leaving outvoted with others on wanting to increase the size of the quantitative easing program. don't expect that they're sort of shedding any tears over...
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Feb 4, 2013
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let's see how this is all going to impact the u.s. session here. we have the head of u.s. equity and quantitative strategy with bank of america, merrill lynch. nice to see you. >> nice to see you, too. thank you for having me on. >> we've been able to put europe on the back burner, but right now it might bring back bad memory for investors that this is exactly what derailed us a year ago. >> it's eerily similar. you know, i think, though, that the big surprise for the u.s. equity market is that we might not see a pullback. i feel like everyone's expecting one. and we might not actually see one. for a bunch of reasons. i mean, last year, i think one thing that was a little bit different was that sentiment was not as negative as it was at this point, where we are today. if you look at wall street strategists, equity allocation is still sub 50%. you've still got a lot of strategists with price targets below where the market is today. i feel like a lot of investors have regarded this rally that we've seen so far as, you know, too far, too fast. yet it might not be. i think we
let's see how this is all going to impact the u.s. session here. we have the head of u.s. equity and quantitative strategy with bank of america, merrill lynch. nice to see you. >> nice to see you, too. thank you for having me on. >> we've been able to put europe on the back burner, but right now it might bring back bad memory for investors that this is exactly what derailed us a year ago. >> it's eerily similar. you know, i think, though, that the big surprise for the u.s....
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Feb 25, 2013
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the u.s. equity futures at this hour and right now it looks like there are some green arrows. you can see dow futures up by about 50 points in fair value. s&p up by just about 7. joe mentioned the oscars. he was very excited about this. if you went to bed early, here is a recap of the major winners. "argo"'s win as best picture marks the first time since "driving miss daisy" that a film won top prize without its director being nominated. ang lee was best director for "life of pi." three other wins for "life of pi" came for original score, sen ma effects and cinematography. >>> daniel day-lewis took home best actor for his role as lincoln. >>> the best actress went to jennifer lawrence for "silver lining's playbook." and best supporting actress was ann hathaway for les miserables. >>> randall stephenson will be joining us live in about ten minutes. the big news on his company today, gm is switching to at&t from verizon for on-star wireless service. that's beginning with the cars they make in 20
the u.s. equity futures at this hour and right now it looks like there are some green arrows. you can see dow futures up by about 50 points in fair value. s&p up by just about 7. joe mentioned the oscars. he was very excited about this. if you went to bed early, here is a recap of the major winners. "argo"'s win as best picture marks the first time since "driving miss daisy" that a film won top prize without its director being nominated. ang lee was best director for...
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Feb 14, 2013
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the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a stock market boom, too. >> dean, the name of your firm is macro, right? >> yes. >> so you're used to looking macro? >> yes. >> but typically, three were four, five years ago, isn't your first thing that you talk about, you mentioned washington, the sequester, the debt ceiling, every single thing you mentioned was policymakers. has it always been like that or is this a different period for your firm? >> this is i think pretty new. >> so it's hard to avoid talking about those things, right? >> that you have to pa
the u.s. is spending so much more than it brings in. i think one of the interesting things, just around rates, bullard yesterday, for example, said that he expects 3% real growth this year. so 3% real growth and 2% inflation, that gets me to march like a 5% ten-year. we're nowhere close to that. lloyd blankfein was on ur yo showing saying investors, if there is some sort of ex oh dus into stocks, and that's becoming a story -- >> and lloyd has been talking about just the potential for a...
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Feb 20, 2013
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the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's session. >> fresh five-years for the s&p and dow, fresh 12 years for the nasdaq, helped in part by a renewed appetite for deal making. >> cracks in the housing picture this morning, january starts to decline 8 1/2%. toll brother earnings sharply miss earnings. >> could demand for the iphone be cooling? fox con pressuring shares this morning. >>> the rally continuing with the dow and s&p having their best day in two weeks. nasdaq closing at 12-year highs. dow less than 130 points from closing at an all-time high.
the u.s. markets, we're looking at an update for the dow. the s&p looking to give back just a little bit, along with the nasdaq. as for the picture over in europe, some comments from germans chancellor angela merkel about the euro saying between 130 and 140 for the u.s. dollar is normal. those are the comments being focused on this morning. a mixed bag in terms of europe and take a look at the picture in asia. the nikkei, the one to focus on, closing at a 4 1/2-year high in yesterday's...
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Feb 22, 2013
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>> yeah, i think that the u.s. situation is actually easier to be more relaxed about than the overseas one. although the overseas one is where the value is. so let's deal with the u.s. first. i do think that the -- i mean, let's understand what we're talking about growth. simon, you and i have had this conversation. i think we're talking about small amounts of growth. but i do believe that in the last quarter of last year, the first quarter of this year, you're going to see the slowest period in u.s. growth and you won't see the u.s. go into recession. outside of the u.s., you've had some very, very stimulative measures in japan, and there is a -- because that market has been the real winner, particularly if you haven't known the yen, the nikkei has been on fire. i think there's a lot of expectation for growth coming through in japan. and that really needs to be fulfilled in order for japan to go much higher. and finally, you've got china. i think that's probably where the biggest change is occurring, because there
>> yeah, i think that the u.s. situation is actually easier to be more relaxed about than the overseas one. although the overseas one is where the value is. so let's deal with the u.s. first. i do think that the -- i mean, let's understand what we're talking about growth. simon, you and i have had this conversation. i think we're talking about small amounts of growth. but i do believe that in the last quarter of last year, the first quarter of this year, you're going to see the slowest...
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Feb 19, 2013
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and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe mentioned, the s&p winning streak has been a strong one. in the meantime, the dow is coming off a second straight weekly loss. although, really, if you looked at this last week, it was the ever so slightest of losses. u.s. equity futures are indicated higher. dow up by 21 points. s&p is up by two points above value fair and the nasdaq is up about 3. in 20 minutes, we'll turn to predictions on where the markets go from here. then in the next hour, delivering alpo. we'll talk to the manager of a $11.5 billion hedge fund. this fund was up 30% last year. don't miss pine river's ceo
and countering it was the victim of u.s. hacking. >>> and the bulls are back from a three-day weekend. can the s&p 500 post an eighth straight week of gains? we've got four days to find out. it's tuesday, february 19th, 2013. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin who is back from vacation. let's get started with the markets. as joe...
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Feb 11, 2013
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u.s. with everybody is buying hand over fist. i've been doing it a long time and i'm still conflicted. i know these corporations have been showing better results. but at the end of the day, we still have qe because of no growth. >> rebecca patterson would tell you you have just enough growth, actually, you have a wonderful spot where it's just weak enough where the fed keeps their foot on the pedal and that's why it's the perfect moment, at least now, for the market. >> i guess it's that little circle we used to have on our baseball bats. we have to be careful about that thing cracking in half. that's what i think a sweet spot is. here we are, you have a 7.9% rate. i can debate all long about whether the housing market is getting better or not. that's the reason why we have this influx of qe. why would we be without qe? ultimately, it's all about growth and we just don't have it. here we go, the stocks are full steam ahead. i can't tell my customers not be on board, but i can tell them not
u.s. with everybody is buying hand over fist. i've been doing it a long time and i'm still conflicted. i know these corporations have been showing better results. but at the end of the day, we still have qe because of no growth. >> rebecca patterson would tell you you have just enough growth, actually, you have a wonderful spot where it's just weak enough where the fed keeps their foot on the pedal and that's why it's the perfect moment, at least now, for the market. >> i guess it's...
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Feb 7, 2013
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>> here in the u.s. you have a disconnect between what the bond markets are telling you and what the equity markets are telling you. if the bond markets are right, equities have a long way to run. >> oliver, thank you for being here. >> nice to see you. >> coming up we've got more -- >> happy valentine's day. >> treat your lady right. coming up, we've got more with our stanford economics professor john taylor. >>> coming up at the top of the hour, a "squawk box" exclusive interview with robert rubin. former treasury secretary of the united states. we'll talk about the path from debt disaster to economic prosperity. keep watching "squawk box" on cnbc. [ male announcer ] any technology not moving forward is moving backward. [ engine turns over, tires squeal ] and you'll find advanced safety technology like an available heads-up display on the 2013 lexus gs. there's no going back. >>> time now to get some final thoughts from our guest host john taylor. you make the case that the fed, by its easy money actio
>> here in the u.s. you have a disconnect between what the bond markets are telling you and what the equity markets are telling you. if the bond markets are right, equities have a long way to run. >> oliver, thank you for being here. >> nice to see you. >> coming up we've got more -- >> happy valentine's day. >> treat your lady right. coming up, we've got more with our stanford economics professor john taylor. >>> coming up at the top of the hour, a...
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Feb 14, 2013
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take a look at shares of lcc, that's u.s. airways, compare them with the airline index which hasn't been too shabby itself, no comparison at all. we should point out carl, a number of analysts have come out today and already said they like the airline sector despite the idea that the airline consolidation play has essentially played out. carl? >> it's going to be interesting to see what they trade on next, phil lebeau joining ounce the amr deal. >>> straight ahead bernie madoff wrote cnbc a letter from his jail cell. >>> and the c oh, of constellation brands is here first on cnbc, we'll talk about the revitzed agreement between anheuser and grupo modelo that has sent the stock soaring. first rick will talk about bonds. >> carl, we'll talk about muni, munis, munis. are munis in your future? that miraculous budget that seemed to balance in california, we'll talk about build america bonds with senior analyst municipal market advisers and who is it? matt fabian. you'll want to see this, about half past the hour. clients are alway
take a look at shares of lcc, that's u.s. airways, compare them with the airline index which hasn't been too shabby itself, no comparison at all. we should point out carl, a number of analysts have come out today and already said they like the airline sector despite the idea that the airline consolidation play has essentially played out. carl? >> it's going to be interesting to see what they trade on next, phil lebeau joining ounce the amr deal. >>> straight ahead bernie madoff...
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Feb 13, 2013
02/13
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labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of costco. senator marco rubio interrupted his official gop response as you know by taking a sip of water from that poland spring bottle. less than a week after tweeting his frustrations with apple and making a pitch for samsung. other than samsung and poland spring, what product would the senator be a perfect spokesperson for and why? tweet us @squawkstreet, your answers are next. it's delicious. so now we've turned her toffee into a business. my goal was to take an idea and make it happen. i'm janet long and i formed my toffee company through
labor and you know, u.s. labor is very productive and i think it's something that's going to be a cornerstone of how we move forward with the economy. so i'm very encouraged by that, encouraged by some of the companies that are now taking action to do things on american soil. >> that's what's happening for sure, jim, on a broad scale and some big companies, too. jim as always great to see you. thanks so much. >> thank you, carl. >> jim sinegal, former ceo and cofinder of...
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Feb 28, 2013
02/13
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what they have to do is take the u.s. playbook, as they call it, and take it to the international markets can, which is not just one market. europe is big, uk within that is a big market. they have to take a lot of the technology from the u.s. internationally and as they do that, international should start to turn a profit. it lost money for the second quarter in a row in the fourth quarter. it was profitable earlier but i think that changed to where its profitability is in the second quarter. >> trying to draw merchants in and participate, i assume you're sensing some hesitancy by merchants to play. is that also in the process of turning it around? >> i think their strategy is to upgrade the merchant quality. so in doing that they are going to find some merchants that haven't tried groupon who might be willing to try it. i think groupon's strategy is, let's give more merchants a try and some merchants that are maybe more national and with product that had more clout, that's where they are going which, again, long term is
what they have to do is take the u.s. playbook, as they call it, and take it to the international markets can, which is not just one market. europe is big, uk within that is a big market. they have to take a lot of the technology from the u.s. internationally and as they do that, international should start to turn a profit. it lost money for the second quarter in a row in the fourth quarter. it was profitable earlier but i think that changed to where its profitability is in the second quarter....
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Feb 21, 2013
02/13
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difference between the u.s. economy, which is okay, and the european economy which is contracting further. difference between a federal reserve that may step back from easing and other banks in europe that may have to go further in easing and difference between the eurozone as well itself. so the pmi data that carl refers to indicate that we're still getting the eurozone contracting in the second quarter, but look at the difference now between france and germany. germany is beginning to pull back but these two major economies right at the heart of the eurozone, the two biggest economies going in different directions, the rest of the eurozone falling and france arguably questionably going into a tail spin along with that. so let's work our way through the price action in response to that. yes, if you look at the minors because of what's happening with the feds and metals, you see the mining stocks are in negative territory. it's also time for a lot of europeans to book profits they've had. the french banks, for e
difference between the u.s. economy, which is okay, and the european economy which is contracting further. difference between a federal reserve that may step back from easing and other banks in europe that may have to go further in easing and difference between the eurozone as well itself. so the pmi data that carl refers to indicate that we're still getting the eurozone contracting in the second quarter, but look at the difference now between france and germany. germany is beginning to pull...
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Feb 7, 2013
02/13
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the u.s. airways brands? a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people talking about urban outfitters doing a great job, doesn't seem like the stocks right now are moving the way you would think they would. i don't know how many people are counting on this particular month -- >> a short month, bleedover from the holidays. the rate of beats, 59% is the strongest since august, which was 86%, thanks to mkm partners. the number of them that have outpaced expectations is pretty big, relative to everything else. >> this is historically the one month i don't care about v
the u.s. airways brands? a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved....
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Feb 27, 2013
02/13
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the u.s. postal service®, no business too small. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose 2% cash back or double miles on every purchase every day. told you i'd get half. what's in your wallet? told you i'd get half. how sharp is your business security?o! can it help protect your people and property, while keeping out threats to your operations? it's not working! yes it is. welcome to tyco integrated security. with world-class monitoring centers and thousands of qualified technicians. we've got a personal passion to help your business run safer, smarter, and sharper. we are tyco integrated security. and we are sharper. did
the u.s. postal service®, no business too small. from capital one... boris earns unlimited rewards for his small business. can i get the smith contract, please? thank you. that's three new paper shredders. [ boris ] put 'em on my spark card. [ garth ] boris' small business earns 2% cash back on every purchase every day. great businesses deserve unlimited rewards. read back the chicken's testimony, please. "buk, buk, bukka!" [ male announcer ] get the spark business card from capital...
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Feb 12, 2013
02/13
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. >> is there any 89-year-old who is be a u.s. senator? >> think so. maybe not 20, 30 years go, but now i think they can. and i think there's some people who at 60 may be too old. i think it's all performance based and it's all different for everybody. >> donny, i'm going to dominate at 89. i'm making that statement right now. >> that's when you're going to peak. >> don't be scared. i'm going to dominate at 89. i have been talking to a lot of people in business, and i look at them. i look at them with ambition. i'm like, he's 87. he's killing it. >> that's the mindset, you think you can. what if you're 89 and you're not delivering but you have this ego and you think you can. >> if you think you are ropest best, if you want to stay strong. i'm 41, i just had a baby. when i'm 85, my kids will be my age. i want to be robust. i want to be nimble. >> we all want to be that. i have a problem with the president of the country being 82 years old. i know ronald reagan was 77 at the end. there was a lot of talk about how much he was actually doing in aufoffice.
. >> is there any 89-year-old who is be a u.s. senator? >> think so. maybe not 20, 30 years go, but now i think they can. and i think there's some people who at 60 may be too old. i think it's all performance based and it's all different for everybody. >> donny, i'm going to dominate at 89. i'm making that statement right now. >> that's when you're going to peak. >> don't be scared. i'm going to dominate at 89. i have been talking to a lot of people in business,...
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Feb 14, 2013
02/13
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they no longer have the benefit of u.s. citizenship to protect them when they're on foreign land fighting the bat $ju$e united states. paul of kentucky and asked him if he thinks he is wrong. >.ell, he didn't say no. what i want to hear from john brennan before i agree to let his nomination go forward, that no cia or the department of defense cannot kill someone in america without you know, any kind of judicial proceeding. senator widen asked this, can soil with a drone without a judicial heajp'd brennan didn't answer the question. so-zwe've asked it in writing. my understanding is senator wyden has answered in writing. so if you're not going to answer no, i think that means you're telling us yes, you believe that the president has the power to kill an american in america. seasone1e1 that is appallingx i think even overseas that if u aq! 5iuáátjájráh'ot in the middle of firing a gun or grenade launcher, that they really should be tried for treason if they're an american with drone attacks, but really an american citizen
they no longer have the benefit of u.s. citizenship to protect them when they're on foreign land fighting the bat $ju$e united states. paul of kentucky and asked him if he thinks he is wrong. >.ell, he didn't say no. what i want to hear from john brennan before i agree to let his nomination go forward, that no cia or the department of defense cannot kill someone in america without you know, any kind of judicial proceeding. senator widen asked this, can soil with a drone without a judicial...